ECB’s Villeroy: France should clarify its budget strategy amid political tensions

European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, made some comments on the French economic and political scenario on Wednesday. 

Key quotes

Cannot comment on political situation.

I think that it is important that, whatever is the result of this vote, France can quickly clarify its economic strategy and in particular its budget strategy.

Before the announcement on snap elections, we had already mentioned hazards of the environment.

Inflation will be below 2% in france starting next year, even at 1.7%.

Market reaction

EUR/USD is oscillating below 1.0750, modestly flat on the day.